Thomas Jorden
In May MDN told you about one of the oddest combinations in recent memory--the merger of Permian driller Cimarex Energy with Marcellus driller Cabot Oil & Gas (see HUGE NEWS: Permian Driller Cimarex Buying Out Cabot Oil & Gas). Given the negative reaction by stock analysts and investors, we had hoped maybe the deal would fall apart. Given the recent development that Cimarex CEO Thomas Jorden is potentially turning down $32 million in payouts from the deal (he's staying on as CEO of the combined company), it sure seems like this deal is likely to happen.
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